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International Monetary Fund. External Relations Dept.
With the findings of a recent IMF staff study serving as a starting point, a panel of IMF staff and distinguished outside researchers on May 27 debated financial globalization’s benefits and risks. Panelists were Eswar Prasad (IMF Asia and Pacific Department), Shang-Jin Wei (IMF Research Department)—two of the study’s authors—and C. Fred Bergsten (Director, Institute for International Economics (IIE)), Jeffrey Frankel (Professor, Kennedy School of Government at Harvard University), and Daniel Tarullo (Professor, Georgetown University Law Center). Kenneth Rogoff (IMF Economic Counsellor and Director ofthe Research Department), also an author of the study, moderated. Participants suggested ways to contain the downsides of globalization; two of their recommendations—developing domestic financial sectors and strengthening institutions prior to liberalization—drew wide support.
International Monetary Fund. External Relations Dept.
The world’s finance ministers and central bank governors will gather in Washington on September 29 for the Annual Meetings of the Governors of the IMF and the World Bank, against a backdrop of increased concerns about the strength and durability of the global economic recovery. On September 28, the International Monetary and Financial Committee (IMFC), the IMF’s principal advisory Committee of Governors, and the Development Committee, a joint committee of IMF and World Bank Governors, will meet. The Annual Meetings have been shortened, owing to U.S. security concerns.
International Monetary Fund. External Relations Dept.
For many years, the IMF has tracked countries’ military spending. The IMF’s Fiscal Affairs Department describes its most recent findings and also looks at patterns in military as well as poverty-reducing spending in countries with loans under the IMF’s concessional Poverty Reduction and Growth Facility (PRGF).
International Monetary Fund. External Relations Dept.
The Web edition of the IMF Survey is updated several times a week, and contains a wealth of articles about topical policy and economic issues in the news. Access the latest IMF research, read interviews, and listen to podcasts given by top IMF economists on important issues in the global economy. www.imf.org/external/pubs/ft/survey/so/home.aspx